Gasoline price forecast to increase, oil price to decrease in the operating period on August 28

According to the gasoline and oil price forecast model of the Vietnam Petroleum Institute (VPI), in the operating period on August 28, retail gasoline prices may continue to increase by 1.1-2.5%, while retail oil prices are forecast to decrease by 1.5-1.6%.

VPI forecasts that the prices of two popular gasoline products on the market will both increase on August 28. Photo: T.Hoa

According to Mr. Doan Tien Quyet, data analyst of VPI, the forecast model, the retail price of E5 RON 92 gasoline may increase by 487 VND (2.5%) to 19,947 VND/liter, while RON 95-III gasoline may increase by 221 VND (1.1%) to 20,311 VND/liter.

VPI's model forecasts that retail oil prices will continue to decrease this period. Specifically, kerosene prices may decrease by 1.6% to VND17,534/liter, diesel may decrease by 1.5% to VND17,632/liter, and fuel oil may decrease by 1.5% to VND15,039/kg.

VPI forecasts that this period, the Ministry of Finance and Industry and Trade will continue not to set aside or use the Gasoline and Oil Price Stabilization Fund.

Globally , the oil market is currently undergoing a period of adjustment with downward pressure on prices due to increased supply, while global demand has not yet fully recovered.

Brent crude fell 1.58 cents, or 2.3%, to $67.22 a barrel on August 26, a day after hitting its highest level since early August 2025. WTI crude fell 1.55 cents, or about 2.4%, to $63.25 a barrel.

Source: https://hanoimoi.vn/du-bao-gia-xang-tang-dau-giam-trong-ky-dieu-hanh-ngay-28-8-714167.html